BAKU, Azerbaijan, June 18. Transport and
railway projects are also being considered in cooperation with
Azerbaijan, Islamic Development Bank (IsDB) Group Chairman Muhammad
Sulaiman Al Jasser said, Trend's correspondent reports from the event.
He made the remark during the Fireside Chat with the Chairman of
IsDB Group, organized within the framework of the 51st Annual
Meeting of the IsDB Group.
The official spoke about cooperation with Azerbaijan and the
projects implemented in Karabakh.
Al Jasser noted in his speech that since the beginning of its
activities, the IsDB has financed more than $1.3 billion in
projects within the framework of cooperation with Azerbaijan.
"Especially after the liberation of Karabakh, the pace of work
in this direction has accelerated. I have visited Karabakh twice
and have seen the reconstruction and construction works carried out
in the region firsthand. The IsDB has already financed the
reconstruction of the water supply and irrigation system as one of
the first projects in the region. Currently, the rehabilitation of
the canals is being carried out within the framework of a
larger-scale project worth more than $430 million.
The aim is to prevent water losses, eliminate the deterioration
and deficiencies of the existing infrastructure, and ensure
efficient distribution of water.
Al Jasser added that the IsDB is also considering cooperation
opportunities in areas such as highways and other transport
infrastructure, including railway projects. According to him, these
projects are transformational initiatives put forward by the
Azerbaijani government.
He expressed satisfaction with the IsDB's cooperation with
Azerbaijan, stressing that the bank is ready to create added value
in this process.
